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To: Rainier who wrote (1103)	5/2/1998 7:57:00 PM
From: michael c. dodge	of 1671

Progress on operating margin: 1Q97 28.4% on $17.826M gross revenue 2Q97 31.9% on $20.065M 3Q97 14.3% on $23.643M 4Q97 16.4% on $27.588M (netting out $1.3M one-time gain on sale of real estate, which should have been deducted by Alex Schay at Motley Fool, but was not) 1Q98 25.0% on $28.004M..... So, we have an unfolding virtuous circle, MAYBE. Autoliv's behavior really hurt us, but I think we can get bye it. mcd

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